Question
Using the following balance sheet and income statement data, what is the total amount of working capital? Current assets $35200 Net income $46200 Current liabilities
Using the following balance sheet and income statement data, what is the total amount of working capital?
| Current assets | $35200 | Net income | $46200 | |
|---|---|---|---|---|
| Current liabilities | 17600 | Stockholders' equity | 85800 | |
| Average assets | 176000 | Total liabilities | 46200 | |
| Total assets | 132000 |
Average common shares outstanding was 16500.
$8800
$35200
$11000
$17600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Wiley CIAexcel Exam Review 2018 Part 1 Internal Audit Basics
Authors: S. Rao Vallabhaneni
1st Edition
1119482569, 978-1119482567
